The August Group Inc. is your source for dependable Real Estate Appraisals in Saint Louis City and the following counties in Missouri; St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois.Whether it's an older home or luxurious new construction, Jeffrey Noyes' experience and hours of study as licensed appraiser make him qualified to provide home valuations in Saint Louis City, St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois County for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.
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| Surprisingly Big Sell Off Relative to The Inspiration | ||
| 5/8/2025 3:52 PM | ||
| Surprisingly Big Sell Off Relative to The Inspiration Bonds ended up selling off somewhat sharply today with the bulk of the blame apparently reserved for the UK/US trade deal. In fact, the pace of the selling wasn"t something we would have predicted when the details emerged this morning. This raises questi...Read More | ||
| Mortgage Rates Move Higher After Trade Deal | ||
| 5/8/2025 3:04 PM | ||
| Mortgage rates moved back up to the higher levels seen earlier this week after the official announcement of a trade deal between the U.S. and the U.K. Most lenders actually began the day fairly close to yesterday"s latest levels, but were ultimately forced to raise rates in response to weakness in the bond market. The rationale for th...Read More | ||
| Servicer Oversight, Vendor Management, CU Member Mining, VA, Compliance Tools; Tariffs and Remodeling | ||
| 5/8/2025 10:42 AM | ||
| “Why did the homeowner take so long in remodeling his home? He had trouble with da siding.” There are LOs, or correspondent investors, who have spent months or years building up their renovation referral book of business. I am sure that they saw this coming with the Trump tariff policies: A quarter of large renovation projects could be scrapped or ...Read More | ||
| Slow Start, Two-Way Trading After Data | ||
| 5/8/2025 10:00 AM | ||
| Bonds mostly lost ground in the overnight session, and then lost just a bit more ground after the 8:30am econ data. This consisted of Jobless Claims coming in slightly lower than forecast, and Labor Costs rising to 5.7% for Q1 vs 2.0% in Q4. Of the two, the latter likely accounted for the initial selling impulse, but it was short-lived. ...Read More | ||
| Just as Underwhelming as Expected | ||
| 5/7/2025 3:34 PM | ||
| Just as Underwhelming as Expected No sense in trying to manufacture excitement out of something boring. Even before Fed speakers went into the customary blackout period 12 days ago, it was already abundantly clear that they were all on the same page--a page of uncertainty in an uncertain chapter of an ...Read More | ||
| Mortgage Rates Lower After Fed Announcement, But Not Because of It | ||
| 5/7/2025 2:35 PM | ||
| There"s nothing like a Fed announcement day to get almost every media outlet to run headlines that attempt to tie the day"s market movement to the Fed"s rate decision. The problem in today"s case is that there wasn"t even anything remotely resembling a decision, nor did anyone expect there to be. Markets were effectively betting on a zero percent ...Read More | ||
| Here"s What Changed in The New Fed Announcement | ||
| 5/7/2025 1:00 PM | ||
| Recent Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum emplo...Read More | ||
| DPA, AI, Processing, Verification Tools; STRATMOR Tech Survey; Interview on Fraud Threats | ||
| 5/7/2025 10:48 AM | ||
| Most good loan originators are keenly aware of demographics in their area. Aren’t you tired of talking about a lack of inventory and builders’ supply lagging demand? Builders report that the number of unsold homes is the highest since 2009, and in Sunbelt MSAs, new homes are facing a lot of competition from existing homes coming on to the market. A...Read More | ||
| Not Expecting Fireworks From The Fed | ||
| 5/7/2025 10:04 AM | ||
| Wednesday begins with bonds battling back from modest overnight weakness (now moving into modestly stronger territory), but not for any particular reason. End of year Fed Funds Rate expectations have been almost perfectly flat so far this week after falling a quarter point in the last week of April, and then jumping more than a quarter point at the...Read More | ||
| 10yr Auction to The Rescue | ||
| 5/6/2025 3:10 PM | ||
| 10yr Auction to The Rescue Today"s 10yr Treasury auction was the only relevant calendar event in terms of potential market movement and it lived up to its billing. Unlike the set-up to many auctions, there was no meaningful weakness in bonds ahead of the 1pm cut-off. The results themselves were decidedly st...Read More | ||